Accesso Technology Share Discussion Threads

[effortless cool] 04/6/2020 13:57

Offer price 290p, current price 373p. That's a good enough argument for me.

[ali47fish] 04/6/2020 13:47

with a loss historically i cant bring myself to participate in this offer- what are the critical arguments for?

[supernumerary] 04/6/2020 13:07

Well done! The same situation prevailed at Ikea, only much worse. I wonder if ACSO's set up a New Opportunities team yet?

[bouleversee] 04/6/2020 10:48

Yes. I sent my MP details of Accesso with the suggestion that they should use them.

[supernumerary] 04/6/2020 10:32

Opportunity! See second picture: :)

[togglebrush] 03/6/2020 07:04

FWIW___Just a simple view of how the share structure may look later this month.
'
following the Open Offer deals
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Current Issued shares___27,704,964______£103.9 m ______Market Cap @ current sp
Placed 22nd May 2020____11,138,179_______£32.3 m
Subscription_______________212,414 _______£0.6 m
SUB Total__________________________________________41% issued
Max under Open Offer_____2,131,151________£6.2 m____7.7% issued
'
====================================================
Possible future_________41,186,708______£143.0 m ______Market Cap @ current sp
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The current Free Float _23,825,190 (86%)
If all Free float take 1 for 13 equals 1,832,706 of Max Open offer
That leaves just under 300,000 for additional or other bids
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Official Timing but check with brokers
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Recommended latest time and date for requesting withdrawal of Open Offer Entitlements
and Excess CREST Open Offer Entitlements from CREST 4.30 p.m.______3 June 2020
'
Latest time for depositing Open Offer Entitlements into CREST 3.00 p.m._____4 June 2020

[bouleversee] 01/6/2020 17:13

Indeed. I buy for the long term as I don't have time to monitor all my holdings. I think it's only traders or those who are in the know who are able to make a profit from equity investment. However, that doesn't help me to decide what to do now.

[bouleversee] 01/6/2020 14:19

I bought 108 shares in Sept. 2017 and am losing nearly 80% of my investment and IIRC I don't think I have had any dividends either. I am entitled to 8 new shares @ £2.90 which is neither here nor there but give me a good reason to buy more. They had lost most of my money long before Covid-19 came along. Don't you think that those who bought in the placing are just waiting to offload them at a profit to mugs like me and then the share price will drop as they sell?

[rivaldo] 29/5/2020 10:30

American TV interview with the CEO about virtual queueing....



"Lake Mary company creates app for theme parks to utilize virtual queues through phones

LAKE MARY, Fla. — A Central Florida company has created a high-tech way for theme parks to manage their lines and keep people apart once they reopen.

Accesso, based out of Lake Mary, has come up with a virtual queue system that will allow you to reserve your place in line through your phone, then step out of line.

“You simply go into your smart phone, go into the attraction you want to experience,” said Steve Brown with Accesso. “You click the box. At that point you’re entered into the virtual queue and the smartphone counts down until it’s your time to ride.”

The app, however, will not let you book all your rides for the day and then just let you roam the park waiting for your phone to vibrate.

But the app can still eliminate some waiting as parks and rides are expected to operate with less capacity.

The technology is being used in two parks right now -- one in the Netherlands that reopened Monday and another in Indiana that will reopen June 14. Both parks reopened yesterday with 100% virtual queues."

[smithie6] 29/5/2020 07:45

brokenbuckles

....there is a big mess up at my broker with their electronic forms, created a right mess for themselves

I took up my 1:13 shares

& requested some extra shares
in the 'excess entitlement' section (a part of what I was offerred), & 0 shares in the open offer

they processed by electronic requests

but now I have filled in a new electronic form....but it won't accept submission of the form if you request to take up part of the shares you are offered & not all, even though it happily does the calculations, so it was intended to accept a partial take up

they will need lots of man hours to try to sort this mess out for their ACSO clients, manually !

(& no new forms should be needed imo, I already submitted my application once)

[kemche] 29/5/2020 07:44

she likey!

[ali47fish] 29/5/2020 06:22

blackrock increases holding from 5 to 7pc

[brokenbuckles] 28/5/2020 20:56

Hmm I only had 3 options in my letter from my broker.

[smithie6] 28/5/2020 20:38

thanks for replying

but I think you have missed one of the options

looking at your msg, I see 4 options

1) dont apply for any shares

2) apply for all or some of the entitlement shares, 1/13 of shares held on date X

3) apply for shares in the excess entitlement offer

4) apply for shares in the open offer

...sorry to repeat my question, but what is the difference to a shareholding PI between applying under item 3) or item 4) ?

is there a higher chance of getting shares at 290p if you apply in 3) or 4) ??

for me this item is not clear at all
(I applied in 2) & 3) but not in 4).

would I stand a better chance of getting extra shares at 290p if I had used/applied in 4) & not 3) ??

[brokenbuckles] 28/5/2020 17:17

So Smithie, if you had no shares on the 26th, then you can only choose option 3 (excess entitlement). If you did own shares on the 26th, you should have done option 2 (for 1/13th of what you own)... and then try your luck for whatever you want in the excess entitlement.

[brokenbuckles] 28/5/2020 17:14

Erm...there are only 3 options. 1) dont participate, 2) buy shares in the open offer (1/13th) of the number of shares you held on the 26th May, 3) ask for some shares in the excess entitlement. Basically, if you want to participate, you should do 2 if you held shares on the 26th, you will 100pc get 1/13th of the number of shares you had on the 26th. However as a number of people will take option 1, their shares will be split evenly among everyone who asked for shares in the excess entitlement (so you might get none, or maybe a little, or maybe alot depending on how many shares are left over).

[smithie6] 28/5/2020 13:23

uf.
but confusing for PIs this fundraising.

1) basic entitlement. 1:13 of shares held on date X. 290p/share. ok.

2) excess entitlement

3) open offer

-----

I applied under 2) for more shares at 290p

& I didnt apply for any under the open offer 3)

Was that correct or should I have applied using 3) & not 2) to have a better chance of getting the shares that I wanted ??

[smithie6] 27/5/2020 21:34

thanks for the info

I've sent a msg to my broker asking if they will send out electronic forms as usual and/or what the process is...

...at my broker their cut off date is normally 7-10 days ahead of the official final cut off date, so they can do their admin. in a relaxed way I guess...

---;

anyway, some shares at 290p is good news :-)

[togglebrush] 27/5/2020 12:09

Smithie6 ... my broker, Barclays, notified of Corporate action online on Tuesday and their deadline is similar to time table posted earlier. "Latest time for depositing Open Offer 3.00 p.m._____4 June 2020"
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I have accepted but can edit my action until the deadline of the response time.
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DYOR

[smithie6] 27/5/2020 11:00

hi

when can you apply for basic entitlement shares & excess entitlement shares "at your brokers" ?

my broker normally sends electronic forms
but they havent been sent yet

& when is the last date to apply...at your brokers?

(Im nervous I will miss the date)

[togglebrush] 27/5/2020 07:01

Additional shares for Open Offer ... share price looks good and company seem keen to get more investment
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Holders electing to take up their full entitlement also have the option to apply for additional shares be submitted by 4 June 2020 otherwise the default election option will be applied…. monies will be debited after the 4 June 2020 and new shares are due to be allotted on or around the 10 June 2020.
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Source my brokers notes.

[togglebrush] 22/5/2020 08:14

Open Offer detail published so far:
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1 for 13 @ 2.90 possible ???
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Record Date for entitlements under the_____________close of business on
Open Offer_________________________________________20 May 2020
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Publication of Notice of the Open Offer ___________26 May 2020
in the London Gazette
Open Offer Entitlements and Excess CREST___________26 May 2020
Open Offer Entitlements credited to stock
accounts in CREST of Qualifying CREST
Shareholders(3)
Recommended latest time and date for 4.30 p.m.______3 June 2020
requesting withdrawal of Open Offer Entitlements
and Excess CREST Open Offer Entitlements
from CREST
Latest time for depositing Open Offer 3.00 p.m._____4 June 2020
Entitlements into CREST(3)

[boonkoh] 21/5/2020 22:02

Be interesting to see at what placing price.Worrying that the bank only wanted to give an extra £8m facility.... Surely mgmt had asked for more and the bank resisted, that's why the equity fundraising amount is so high.